# Leasehold and Freehold Reform Act 2024, Paragraph 7: Proceeds of financial penalties

Extent: E+W
Status: prospective

(1) Where an enforcement authority imposes a financial penalty under section 105, it may apply the proceeds towards meeting the costs and expenses (whether administrative or legal) incurred in, or associated with, carrying out any of its functions under this Part of this Act.
(2) Any proceeds of a financial penalty imposed under section 105 by an enforcement authority other than the Secretary of State which are not applied in accordance with sub-paragraph (1) must be paid to the Secretary of State.

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Source: https://www.legislation.gov.uk/ukpga/2024/22/schedule/12/paragraph/7 (the official version)
Page: https://openlegislation.uk/leasehold-and-freehold-reform-act-2024/schedule-12/paragraph-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.